{"id":1080,"date":"2018-09-25T23:21:44","date_gmt":"2018-09-25T17:51:44","guid":{"rendered":"http:\/\/www.bazaarindicator.com\/news\/?p=1080"},"modified":"2018-09-25T23:21:44","modified_gmt":"2018-09-25T17:51:44","slug":"garden-reach-shipbuilders-grsel-ipo","status":"publish","type":"post","link":"http:\/\/www.bazaarindicator.com\/news\/garden-reach-shipbuilders-grsel-ipo\/","title":{"rendered":"Last Day &#8211; Garden Reach Shipbuilders &#038; Engineers (GRSEL) &#8211; 26 September"},"content":{"rendered":"<p>The shipbuilding firm Garden Reach Shipbuilders has opened its initial public offering <strong>(IPO)<\/strong> worth INR 345 Crore for the subscription on Monday. Till date, this is the 3rd public offer from the Government of India in fiscal <strong>2018-19<\/strong> after RITES and <strong>IRCON<\/strong> International. The employees and retail investors will get the equity shares at a discount of INR 5\/share on a final offer price.<\/p>\n<h2><strong>Let\u2019s have a look at the IPO details:<\/strong><\/h2>\n<p><strong>Issue Open:<\/strong> September 24 &#8211; 26, 2018<\/p>\n<p><strong>Issue Size:<\/strong> 29,210,760 Equity Shares<\/p>\n<p><strong>Issue Price:<\/strong> INR 115 &#8211; 118<\/p>\n<p><strong>Minimum Order Quantity:<\/strong> 120 Shares<\/p>\n<p><strong>Listing At:<\/strong> NSE &amp; BSE<\/p>\n<p style=\"text-align: left;\">The company won\u2019t get any proceeds from this initial public offer but all the funds will go to the selling shareholder. White the President of India is the promoter of this firm, acting through the Ministry of Defense.<\/p>\n<p><strong>About Garden Reach Shipbuilders &amp; Engineers:<\/strong><\/p>\n<p>Garden Reach Shipbuilders is a state-owned shipbuilding company started in 1913 and a mini Ratna-Category I company. This firm adheres to the needs of the Indian Navy &amp; the Indian Coast Guard. It\u2019s also highly engaged in manufacturing deck machinery items, marine pumps, and pre-fabricated portable steel bridges.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The shipbuilding firm Garden Reach Shipbuilders has opened its initial public offering (IPO) worth INR 345 Crore for the subscription&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Last Day - Garden Reach Shipbuilders &amp; Engineers (GRSEL)<\/title>\n<meta name=\"description\" content=\"The shipbuilding firm Garden Reach Shipbuilders has opened its initial public offering (IPO) worth INR 345 Crore for the subscription on Monday.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.bazaarindicator.com\/news\/garden-reach-shipbuilders-grsel-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Last Day - Garden Reach Shipbuilders &amp; 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